10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues: | |||
| Sales and service revenues | $ 166,733 | 176,512 | 175,445 |
| Leasing revenues | 5,209 | 5,856 | |
| Total revenues | 245,510 | 254,616 | 247,837 |
| Investment and derivative contract gains/losses: | 40,746 | 72,607 | (22,455) |
| Costs and expenses: | |||
| Interest expense | 4,083 | 3,961 | 3,853 |
| Total costs and expenses | 231,289 | 225,703 | 219,214 |
| Earnings before income taxes and equity method earnings (losses) | 54,967 | 101,520 | 6,168 |
| Equity method earnings (losses) | 726 | 1,176 | (2,167) |
| Earnings before income taxes | 55,693 | 102,696 | 4,001 |
| Income tax expense (benefit) | 12,440 | 20,904 | (321) |
| Net earnings | 43,253 | 81,792 | 4,322 |
| Earnings attributable to noncontrolling interests | 732 | 375 | 301 |
| Net earnings attributable to Berkshire Hathaway shareholders | 42,521 | 81,417 | 4,021 |
| Product and Service | |||
| Insurance and Other | |||
| Insurance premiums earned | 63,401 | 61,078 | 57,418 |
| Sales and service revenues | 127,044 | 134,989 | 133,336 |
| Leasing revenues | 5,209 | 5,856 | 5,732 |
| Interest, dividend and other investment income | 8,092 | 9,240 | 7,678 |
| Total revenues | 203,746 | 211,163 | 204,164 |
| Insurance losses and loss adjustment expenses | 43,951 | 44,456 | 39,906 |
| Life, annuity and health insurance benefits | 5,812 | 4,986 | 5,699 |
| Insurance underwriting expenses | 12,798 | 11,200 | 9,793 |
| Cost of sales and services | 101,091 | 107,041 | 106,083 |
| Cost of leasing | 3,520 | 4,003 | 4,061 |
| Selling, general and administrative expenses | 19,809 | 19,226 | 17,856 |
| Goodwill and intangible asset impairments | 10,671 | 96 | 382 |
| Interest expense | 1,105 | 1,056 | 1,035 |
| Total costs and expenses | 198,757 | 192,064 | 184,815 |
| Freight Rail Transportation | |||
| Total revenues | 20,750 | 23,357 | 23,703 |
| Expenses | 13,120 | 15,436 | 16,045 |
| Utilities and Energy | |||
| Sales and service revenues | 15,540 | 15,353 | 15,555 |
| Cost of sales and other expenses | 11,638 | 11,296 | 11,641 |
| Railroad, Utilities and Energy | |||
| Service revenues and other income | 5,474 | 4,743 | 4,415 |
| Total revenues | 41,764 | 43,453 | 43,673 |
| Other expenses | 4,796 | 4,002 | 3,895 |
| Interest expense | 2,978 | 2,905 | 2,818 |
| Total costs and expenses | 32,532 | 33,639 | 34,399 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings per average equivalent share | 26668 | 49828 | 2446 |
| Average equivalent shares outstanding | 1,594,469 | 1,633,946 | 1,643,795 |
| Equivalent Class B | |||
| Net earnings per average equivalent share | 18 | 33 | 2 [1] |
| Average equivalent shares outstanding | 2,391,703,454 | 2,450,919,020 | 2,465,692,368 |
| [1] Class B shares are economically equivalent to one-fifteen-hundredth of a Class A share. Accordingly, net earnings per average equivalent Class B share outstanding is equal to one-fifteen-hundredth of the equivalent Class A amount. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |